House prices are now 4 per cent down from October last year, according to data from the Nationwide. But that is just the beginning. Yesterday also saw the news that one of the leading players in the buy-to-let market has gone into administration, while a report from the Bank of England revealed that mortgage approvals have fallen to a record low.Hometrack also revealed an annual fall in house prices recently.But the real fireworks came from a member of the Bank...Read More

Meanwhile, in an economy far, far away, and in an economic cycle about 12 months ahead of us, consumer confidence continues its fall off the edge of a cliff, and a leading index for tracking the housing market fell by 14 per cent from peak.

Meanwhile, in an economy far, far away, and in an economic cycle about 12 months ahead of us, consumer confidence continues its fall off the edge of a cliff, and a leading index for tracking the housing market fell by 14 per cent from peak.

According to a report in the FT over the weekend, if house prices fell by 10 per cent, then actually only 2.8 per cent of houseowners would fall into negative equity. Even if prices fell by 15 per cent, just 5 per cent of owners or 0....Read More

Later this week when Mr and Mrs America get home from work there will be a nice surprise sitting on the doorstep: a nice big juicy cheque for $1,200 for them to spend as they like, courtesy of the US government. This is the big one, all the other measures taken...Read More

Unless you have been living on Mars, you will know the last few months have been a bit tricky. But how bad was it really? Now the first version of the official statistics are out. And this is what they say.

Gordon often likes to quote Alan Greenspan. If you are actually able to stay awake long enough to listen to our Gordon, you will hear him saying things like, Alan Greenspan says,Alan Greenspan agrees with this,Alan this, Alan thatand three bags full Alan.

Not so long ago, banks were dynamic places of high risk but high reward.

Shareholders liked their banks when they were full of â€œinnovative, exciting activities. Those which adopted a more cautious approach were “often pilloried for being boring.“ Who said so, why none other than Mervyn King, yesterday,...Read More

Not so long ago, banks were dynamic places of high risk but high reward.

Shareholders liked their banks when they were full of â€œinnovative, exciting activities. Those which adopted a more cautious approach were “often pilloried for being boring.“ Who said so, why none other than Mervyn King, yesterday,...Read More

House prices are now 4 per cent down from October last year, according to data from the Nationwide. But that is just the beginning. Yesterday also saw the news that one of the leading players in the buy-to-let market has...Read More